3301 Obama Blvd is a highly desirable turnkey multifamily opportunity in one of Los Angeles’ most dynamic and rapidly evolving submarkets—Leimert Park. NEW BUILD 2025! The six-unit property benefits from its prime location amid significant neighborhood reinvestment, cultural resurgence, and expanding transit connectivity. The offering features an attractive mix of… Read More spacious one-, two-, and three-bedroom floor plans, appealing to a wide renter base and supporting durable occupancy. demand. Five new construction units are exempt from rent control, while the original single-family dwelling has
been completely renovated, delivering a compelling mix of modern design, stability, and operational upside. Building systems and utility structures further enhance the long-term performance. Individually metered utilities, MiniSplit systems, and dedicated water heaters reduce owner costs and improve tenant retention, while solar panels on the rear duplix provide additional efficiency and sustainability benefits. Newly completed exterior upgrades include thoughtfully designed and low maintenance landscaping with modern pavers and drought-tolerant native plantings, enhancing both aesthetic appeal and curb presence. Strategically located just a 6-minute walk from the Metro E-Line—linking Santa Monica and Downtown Los Angeles—and the Crenshaw Line providing direct access to LAX, the property offers exceptional transit access and lifestyle convenience. Offered at a competitive 7.30% cap rate and 9.82 GRM on existing rents, 3301 Obama Blvd provides an exceptional opportunity to acquire a turnkey asset with income certainty and long-term upside within one of Los Angeles’ most closely watched growth corridors. Read Less
Property listed by Keller Williams Realty Downey, Robert Stepp 310-463-2916
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.15 Acres
Year Built
1944
MLS Number
PW25276031
Additional Details
Building
Built in 1944, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
Sidewalks
Expenses
Gardener: $1,200, Insurance: $7,566, Licenses: $1,500, Maintenance: $3,750, Operating: $54,111, Pest Control: $900, Water/Sewer: $2,040, Other Expense: $1,500
Income
Gross Income: $207,483, Gross ScheduledIncome: $213,900, Net Operating Income: $153,372
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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